Gilbert Lawrence wrote:
An example of what I mean: The use of government dollars to make us a more
healthy society delivering better quality health-care. This in the long-run
will reduce cost of health-care. If govt follows some recommendations, it
would reduce the cost of health-care even in
Date: Mon, 23 Feb 2009 05:38:29 -0800 (PST)
From: Gilbert Lawrence gilbert2...@yahoo.com
To Mervyn:
I like your comment, The cause ... is quite simple: Financial regulations that
were in place were either removed or not adhered to. This after just reading
and reading that it was too much
Gilbert Lawrence wrote:
I agree with much of what you write.
GL,
1) Its no fun writing for those who agree with me :-)
2) It now looks like I will have a load of time to write in the next few weeks
but for today, I will remain brief.
The first line of failure in the US and internatioal
Marlon wrote:
However, I believe the real problem was that there was very little
enforcement/verification of the financial of the borrowers.
Just last year, mortgage brokers were pushing 40 year mortgages in the US i.e.
mortgages where you paid only the interest
on the loan and did not
Date: Sun, 22 Feb 2009 08:11:32 -0800 (PST)
From: Gilbert Lawrence gilbert2...@yahoo.com
You should follow your own advice to Edward: Instead of mindless poppycock,
wouldn't you have far more credibility if you had responded to some of the
facts with factual information from multiple sources
Hi Mervyn,
I agree with much of what you write. With all due respects, I do not agree with
all that you state. Or more accurately with my lack of expertise, I do not
follow your reasonings; as I contrast them to the other information I see and
read.
The first line of failure in the US and
I do not believe that it was lack of regulation that caused the current problem
and I believe that a system with less government intervention, within a proper
framework of laws is the best in long run. I think that most of the actions by
the Obama administration will not resolve the underlying
Date: Sat, 21 Feb 2009 13:06:58 -0800 (PST)
From: Gilbert Lawrence gilbert2...@yahoo.com
In the US, those that just repeat what Conservative talking heads write or
say are called Ditto Heads. The law encouraging mortgages to low income
earners, which is referred by some as government
Date: Sat, 21 Feb 2009 17:32:26 -0800 (PST)
From: Mervyn Lobo mervynal...@yahoo.ca
The cause of the current financial crises is quite simple:
Financial regulations that were in place were either removed or not adhered to.
Mario responds:
This is a facile but false premise pushed by some
Mario,
Being Sunday, I had a little free-time to respond to your cliches. I hope this
will be considered as my Sunday charity to enlighten the mis-informed. :=)) You
should follow your own advice to Edward: Instead of mindless poppycock,
wouldn't you have far more credibility if you had
In the US, those that just repeat what Conservative talking heads write or
say are called Ditto Heads. The law encouraging mortgages to low income
earners, which is referred by some as government intervention, is / was not
the cause of bank failures.
It is widely believed that, Derivatives
Mario Goveia said:
http://www.jewishworldreview.com/cols/sowell021809b.php3
Selected Excerpts:What was lacking in the housing market, they say, was
government regulation of the market's greed. That makes great moral
melodrama, but it turns the facts upside down. It was precisely government
Gilbert Lawrence wrtoe:
It is widely believed that, Derivatives and other risky instruments that
banks and other financial entities
(like brokerage and insurance companies) developed and widely used, to
leverage themselves, that caused
the financial failures. Those practices exposed the
Hi,
Just because you got a cut and paste job, that does not mean that it is a fact.
In UK at the moment the HBOS whistleblower said that the Banks were at fault
NOT THE GOVT.
And he is going to produce a 30 page dossier for the MPs.
Facts speak for themselves, not some back street newspaper BS.
I
Since some Goanetters have claimed that the financial crisis was caused by
greed on Wall Street or by a lack of government regulation, this column by an
eminent economist from Stanford University shows how it was government
regulation intended to encourage low income home buyers that took a
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